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Sage Secures Permit to Re-Open Clavos
Published : November 20, 2012
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Keywords :   Gold | Market | Volatility | Water |

TORONTO, ONTARIO--(Marketwire - Nov. 20, 2012) - Sage Gold Inc. (the "Company") (News - Market indicators) is pleased to announce that it has secured the necessary permit and completed the change of ownership to re-open the Clavos Mine site in Timmins, Ontario for exploration, development and eventual production.

The required environmental compliance approvals have been received from the Ontario Ministry of Environment comprising the Permit to Take Water and Industrial Sewage Works Approval both of which come under the Ontario Water Resources Act and an Air Approval granted under the Environmental Protection Act.

The Company's Closure Plan has been filed by the Ministry of Northern Development and Mines. The receipt of this permit allows Sage to dewater the Clavos mine, continue advanced exploration and development and commence production at 700 tonnes per day.

Sage is expecting a Preliminary Economic Assessment (PEA) to be completed by the end of 2012.

The Joint Venture between Sage (60%) and St Andrew Goldfields Ltd. (TSX:SAS) (40%) was announced in a Press Release dated August 13, 2012 and the parties have agreed to jointly fund Clavos.

Sage is a mineral exploration and development company which has primary interests in near-term production and exploration properties in Ontario. Its main properties are the Clavos Gold deposit in Timmins and the Lynx deposit and other exploration properties in the Beardmore-Geraldton Gold Camp. Technical reports and information relating to the properties can be obtained from the System for Electronic Document Analysis and Retrieval (SEDAR) website at www.sedar.com and www.sagegoldinc.com.

This release was prepared by management of the Company who takes full responsibility for its contents.

This news release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended and "Forward Looking Information" within the meaning of applicable Canadian securities legislation. Some forward looking statements and forward looking information contained in this release are forward-looking and, therefore, involve uncertainties or risks that could cause actual results to differ materially. Such forward-looking statements include comments regarding mining and milling operations, mineral resource statements and exploration program performance. Factors that could cause actual results to differ materially include metal price volatility, economic and political events affecting metal supply and demand, fluctuations in mineralization grade, geological, technical, mining or processing problems, exploration programs and future results of exploration programs, future profitability and production. The Company disclaims any obligation to update forward-looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Sage Gold Inc.
Nigel Lees
President and C.E.O.
416-204-3170
416-260-2243 (FAX)
or
Sage Gold Inc.
Mike O'Brien
Communications Manager/Investor Relations
416-204-3170
416-260-2243 (FAX)
or
Investor Cubed Inc.
647-258-3311 or 888-258-3323
info@investor3.ca
Companies Mentionned : Sage Gold | St Andrew Goldfields |
Data and Statistics for these countries :
Gold and Silver Prices for these countries :

SAGE Gold Inc.

PRODUCER
CODE : SGX.V
ISIN : CA78663T2092
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SAGE Gold is a producing gold company based in Canada.

SAGE Gold holds various exploration projects in Canada.

Its main asset in production is CLAVOS in Canada and its main exploration properties are GOLD HILL, KERRS, PAINT LAKE, KING SOLOMON'S PILLARS, MISSING LINK, COTE TWO RIVERS, FANCAMP - CHIBOUGAMAU, PONY SPUR, JACOBUS, TRIPLE JUNCTION, MALARTIC, FORT CHIMO and DIXIE FORK in Canada.

SAGE Gold is listed in Canada and in United States of America. Its market capitalisation is CA$ 1.1 millions as of today (US$ 858 802, € 753 083).

Its stock quote reached its highest recent level on February 26, 2010 at CA$ 9.00, and its lowest recent point on January 08, 2016 at CA$ 0.03.

SAGE Gold has 18 400 000 shares outstanding.

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Annual reports of SAGE Gold Inc.
2008 Annual report
Financings of SAGE Gold Inc.
1/13/2015Closes Private Placement
9/18/2013Closes Private Placement and Executes Shares for Debt Settle...
8/28/2013Announces Private Placement
7/10/2013Announces Extension of Private Placement
5/23/2013Closes First Tranche of Private Placement
12/21/2012Closes Final Tranche of Private Placement
Project news of SAGE Gold Inc.
3/14/2013Extends Maturity Date of Pre-Production Debt Facility
4/26/2011(Clavos)New Gold Zone at Clavos-6.31 g/t Au Over 5.4 Metres
Corporate news of SAGE Gold Inc.
12/30/2015Sage Gold Inc. Announces Closing of Second and Final Tranche...
12/3/2015Sage Gold Inc. Announces Closing of First Tranche of Private...
11/18/2015Sage Gold Inc. Announces Non-Brokered Private Placements
10/1/2015Sage Gold Inc. Extends Debt Facility and Issues Private Plac...
9/24/2015Sage Gold Inc. Announces Non-Brokered Private Placement
9/18/2015Sage Update on Major Projects and Financing
6/1/2015Sage Gold Provides Update on Clavos Option
5/19/2015Sage Issues Shares for Debt
5/19/2015Issues Shares for Debt
5/4/2015Sage Extends Clavos Option
4/22/2015Major Program Planned at Sage Gold's Onaman Property
3/11/2015Sage Issues Shares for Debt
3/11/2015Issues Shares for Debt
3/11/2015Sage Issues Shares for Debt
1/26/2015Sage Gold Update
1/26/2015Sage Gold Update
1/16/2015Sage Gold Closes Private Placement
1/13/2015Sage Gold Closes Private Placement
1/7/2015Sage Issues Shares for Debt
1/7/2015Sage Issues Shares for Debt
12/15/2014Sage Gold Grants Option to Sell 60% Interest in Clavos for $...
12/15/2014Sage Gold Grants Option to Sell 60% Interest in Clavos for $...
12/1/2014Sage Gold Announces Private Placement
12/1/2014Sage Gold Announces Private Placement
11/27/2014Sage Issues Shares for Debt
11/27/2014Sage Issues Shares for Debt
10/16/2014Sage Issues Shares for Debt
10/16/2014Sage Issues Shares for Debt
10/1/2014Sage Gold Inc. Extends Debt Facility Maturity Date
8/21/2014Sage Gold Amends Purchase Agreement With St Andrew Goldfield...
8/21/2014Sage Gold Inc. Announces Effective Date of Share Consolidati...
8/8/2014Sage Gold Inc. Extends Debt Facility Maturity Date
7/11/2014Sage Gold Inc. Announces First Closing of $250,000 Private P...
7/7/2014Sage Gold Appoints New CFO
10/28/2013Terminates LOI for Pillars with Northcore Resources
6/10/2013Corporate Update
4/20/2013(Clavos)Files Clavos Technical Report on SEDAR
3/1/2013(Clavos)Reports Clavos PEA-71% Internal Rate of Return and $23MM NPV...
11/20/2012(Clavos)Secures Permit to Re-Open Clavos
10/23/2012(Clavos)Reports New Clavos Mineral Resource-194,600 Indicated Ounces...
9/28/2012Announces Grant of Stock Options
9/20/2012(Clavos)Intersects 12.11 g/t Au Over 2.0 Metres and 6.38 g/t Au Over...
3/22/2011Discovers Deeper Parallel Zone to Its Lynx Copper, Silver, G...
2/22/2011Completes Second Instalment of St Andrew Option Agreement
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